War Hero

War Hero

following on this one. Had a divisional type question that seems rather fuzzy when trying to find the answer..

Can someone use FHTB if they are married. The wife owns the current house in her name (owned it before they met). Now, as a couple they would like to move (downsize to be fair) and buy a place together. To do this, they will sell the house they currently live in (where said rating is not on the deeds) and get a new pad where said rating would like to use FHTB along with a chunk of the equity from the sale of his 'wifes' house

is the doo'able?
check JSP 464 and it is not clear and can't get a straight answer. Obviously, he can put an application for FHTB in but that could add pointless weeks to the process should it be rejected

War Hero

As I can't sleep, I thought JSP 464 might help me drop off. The way I've read it, if his name is not on the deeds then he is eligible. But as with all these things, JSPs are open to interpretation, and if it means someone is likely to dip in then it is likely the powers that be will read it differently and he'll get nothing.

MIA

I took the FHTB out 18 months ago, I've got 8 months left in the RN. They simply take the remaining balance out of my gratuity.
From what I understand, it wasn't an initial 3 years pilot, more that they had x amount of £'s in a pot and once that was gone then the FHTB would be reviewed.
For what it's worth, the whole application process for start to finish was super easy, the JPAC centre were very helpful too.

cheers. Will also pass on the contact details in JSP 464.
When you read it, nothing should stop him from using FHTB.
the part where is says where a property is already owned by an applicant, that must be sold before (or on the day of) purchasing the new property with FHTB

MIA

cheers. Will also pass on the contact details in JSP 464.
When you read it, nothing should stop him from using FHTB.
the part where is says where a property is already owned by an applicant, that must be sold before (or on the day of) purchasing the new property with FHTB

War Hero

phoned JPAC today and spoke to someone in the know their end.
My lad is entitled to use FHTB.

basically, as he is not on the deeds, regardless of his marital status, he is fine to go in on a new mortgage with his wife AS LONG AS the house SHE is selling is sold no later than the day they purchase their new home.